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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H«U*2 (For Immediate Release) August 22, 1951 CONDITION OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES The condition statement of weekly reporting member banks in leading cities shows the following principal changes for the week ended August 15$ Increases of $209,000,000 in commercial, industrial, and agricultural loans, $202,000,000 in United States Government deposits, $289,000,000 in demand deposits credited to domestic banks, and $177,000,000 in borrowings, and a decrease of $276,000,000 in demand deposits adjusted. Commercial, industrial, and agricultural loans increased $99,000,000 in New York City, $53,000,000 in the Chicago District, and $31,000,000 in the San Francisco District, Holdings of Treasury bills increased $78,000,000. Holdings of Treasury certificates of indebtedness decreased $2k,000,000 in New York City and a total of $U7,000,000 at all reporting member banks. United States Government bonds increased $30,000,000 in the San Francisco District and decreased 323,000,000 in New York City; the net increase at all reporting member banks was $10,000,000. Holdings of"other securities "decreased $32,000,000. Demand deposits adjusted decreased $229,000,000 in New York City,$bl,000,000 in the Boston District, and $36,000,000 in the Philadelphia District, and they increased $1*8,000,000 in the Kansas City District. Both United States Government deposits and demand deposits credited to domestic banks increased in all districts^ Borrowings increased $72,000,000 in the San Francisco District, $65,000,000 in New York City, and $17,000,000 in the Minneapolis District. A summary of assets and liabilities of reporting member banks follows: August A S S E T S Increase or decrease since August 0, August lb, 1950 1951 (In millions of dollars) Loans and investments - total Loans - net Loans - gross Commercial# industrial, and agricultural loans Loans to brokers and dealers for purchasing or carrying* U. S. Government obligations Other securities Other loans for purchasing or carrying: U, S. Government obligations Other securities Real estate leans Loans to banks Other loans U. S. Government securities - total Treasury bills Treasury certificates of indebtedness Treasury notes U. S. bonds Other securities 70,305 32,760 33,221 19,379 +277 *280 +282 +209 +2,198 +5,86k +5,93k +5,020 205 950 - 3k ~ 31 « 698 26 - 66 2,252 6,603 19,k2k 6,596 - hi - 12 + 10 Reserves with Federal Reserve Banks Cash in vault Balances with domestic banks 1U,18U - U2 129 56k 5,561 5k2 5,891 30,9U9 2,670 829 2,U78 L I A B I L I T I E S Demand deposits adjusted Time deposits except Govt. U« S. Government deposits Interbank demand deposits: 1*9,9 09 l5,8lk 3,151 Domestic banks Foreign banks Borrowings Debits to demand deposit accounts, except interbank and U. S. Government accounts, during week 10,061 1,216 63U 2k,k26 + 1 6 +12k + 9 + 29 + 78 - 32 + 52 + 693 + 21k + 7U5 -k,129 +1,168 + 180 - 35k -5,123 + k63 +189 +2,128 + 62 + 186 -276 +1,811 - 10 "» k +202 +289 + 2 +177 + + + — + 361 693 9k3 7 327 H.4.2 (a) ASSETS AND LIABILITIES OF WEEKLY REPORTING MEMBER BANKS IN LEADING CITIES, AUGUST 15, 1951 Total 1 F e d e r a 1 R e s e r v ( 8 D i 8 t r i c t New jPhila- Cleve- Rich-j Minne- Kansas j St. San Atlanta Chicago i districts | B o s t o l j York |delphia land mond | ! Louis apolis City Dallas Franciscc (In millions < of dollars) A S S E T S Loans and investments - total 3,127 22,134 2,840 5,046 2,871 2,621 10,048 2,343 70,305 1,229 2,835 2,660 12,551 Loans - net # 32,760 1,502 11,113 1,342 2,054 1,150 1,067 601 1,214 1,422 1,171 3,723 6,401 Commercial, industrial, and agr'l loans 782 616 1,195 19,379 975 7,377 546 621 801 2,458 972 324 2,712 Loans to brokers and dealers for purchasing or carrying: mmmm imw •MM U . S . Government obligations 2 205 175 7 1 3 1 13 3 Other securities 10 950 748 30 12 24 76 5 7 7 3 9 19 Other loans for purchasing or carrying: U . S . Government obligations 10 10 129 11 11 8 17 34 2 4 11 7 4 Other securities 60 21 241 7 61 564 6 25 41 14 26 14 48 Real estate loans 206 817 5,561 141 391 233 90 111 252 165 120 473 2,562 Loans to banks 10 17 15 323 542 9 20 8 57 2 49 29 3 Other loans 289 5,891 1,562 311 321 391 262 625 349 230 155 275 1,121 U . S . Government securities - total 8,827 1,159 1,376 2,515 1,550 1,327 30,949 5,387 1,003 496 1,355 1,063 4,891 2,670 Treasury bills 110 82 221 725 239 142 112 158 167 374 299 41 78 106 Treasury certificates of indebtedness 220 2,252 173 521 389 119 48 151 24 114 309 6,603 189 1,619 215 Treasury notes 368 505 327 1,143 199 132 217 337 1,352 U. S. bonds 971 6,094 834 19,424 1,551 924 568 644 573 299 3,063 3,349 574 6,596 171 2,194 249 227 Other securities 339 477 266 169 938 132 175 1,259 Reserves with Federal Reserve Banks 5,266 14,184 900 536 550 481 226 534 2,142 586 1,981 432 550 829 68 Cash in vault 177 83 106 55 36 13 44 131 33 44 39 Balances with domestic banks 2,478 220 182 216 97 141 151 346 124 92 327 283 399 Other assets - net 81 1,451 97 591 56 57 101 57 30 17 67 252 45 L I A B I L I T I E S Demand deposits adjusted 2,560 16,880 2,173 3,520 2,257 1,970 49,909 6,725 1,520 7,218 792 2,085 2,209 Time deposits except Govt. 600 15,814 2,583 478 438 1,391 2,670 527 486 233 422 5,552 434 U. S. Government deposits 3,151 123 152 930 254 133 83 656 92 76 111 85 456 Interbank demand deposits: Domestic banks 10,061 291 428 2,947 436 569 1,719 625 534 328 695 938 551 Foreign banks 8 1,036 1,246 12 8 32 10 1 8 88 2 39 2 Borrowings 10 634 19 12 9 355 12 7 18 55 3 134 Other liabilities 1,000 1,718 87 51 75 37 31 26 33 32 19 33 294 CAPITAL ACCOUNTS 2,578 6,714 342 338 250 215 792 236 493 251 205 109 905 Debits to demand deposit accounts, except interbank and U. S. Govt, accounts 24,426 9,713 1,521 937 905 915 W forIndividual loan items are reported gross, i.e.,. before deduction of valuation reserves # Digitized FRASER 830 3,418 701 457 9 5 9 841 3,229
@FedFRASER